Jump Financial LLC Lowers Holdings in Weibo Corporation $WB

Key Points

• Jump Financial LLC has sold 55,600 shares of Weibo Corporation, reducing its stake by 27.4% to approximately 147,651 shares, valued at around $1.4 million.
• Analysts have mixed opinions on Weibo's stock, with Citigroup upgrading its price target to $14.00 while Wall Street Zen downgraded it from "buy" to "hold," reflecting a general average rating of "Moderate Buy".
• Weibo's recent earnings report showed an EPS of $0.54, surpassing estimates, and demonstrating a year-over-year revenue growth of 1.6% with a net margin of 21.1%.

Jump Financial LLC cut its stake in shares of Weibo Corporation (NASDAQ:WB - Free Report) by 27.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 147,651 shares of the information services provider's stock after selling 55,600 shares during the quarter. Jump Financial LLC owned 0.06% of Weibo worth $1,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in Weibo by 51.8% during the 4th quarter. BNP Paribas Financial Markets now owns 126,192 shares of the information services provider's stock valued at $1,205,000 after purchasing an additional 43,086 shares during the last quarter. Northern Trust Corp raised its position in Weibo by 61.7% during the 4th quarter. Northern Trust Corp now owns 178,201 shares of the information services provider's stock valued at $1,702,000 after purchasing an additional 68,023 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in Weibo during the 4th quarter valued at approximately $1,359,000. Wolverine Asset Management LLC raised its position in Weibo by 35.1% during the 1st quarter. Wolverine Asset Management LLC now owns 127,140 shares of the information services provider's stock valued at $1,204,000 after purchasing an additional 33,000 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in Weibo by 106.9% during the 1st quarter. QRG Capital Management Inc. now owns 36,680 shares of the information services provider's stock valued at $347,000 after purchasing an additional 18,955 shares during the last quarter. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on WB shares. Citigroup upped their price target on Weibo from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Wall Street Zen lowered Weibo from a "buy" rating to a "hold" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Weibo currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

Weibo Stock Performance

Shares of WB stock traded down $0.17 on Tuesday, reaching $11.29. The stock had a trading volume of 360,234 shares, compared to its average volume of 1,372,693. The stock has a market cap of $2.74 billion, a P/E ratio of 7.88 and a beta of 0.08. Weibo Corporation has a 1 year low of $7.03 and a 1 year high of $12.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.65 and a current ratio of 3.65. The company has a 50 day simple moving average of $10.27 and a 200 day simple moving average of $9.63.

Weibo (NASDAQ:WB - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The information services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.27. The firm had revenue of $444.80 million for the quarter, compared to the consensus estimate of $438.84 million. Weibo had a return on equity of 12.65% and a net margin of 21.10%.The company's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. Equities research analysts expect that Weibo Corporation will post 1.62 EPS for the current year.

Weibo Company Profile

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform.